Kally Elasticity is a measure of how demand for a good or service changes in response to a change in price. Elasticity can be either elastic or inelastic. If demand is elastic, then a small change in price will lead to a large change in demand. If demand is inelastic, then a small change in price … Read more
The underground economy is defined as economic activity that is not reported or taxed. This can include legal activities that are deliberately hidden from the authorities, as well as illegal activities. The underground economy is often associated with crime, but not all activity in the underground economy is criminal. The underground economy is believed to … Read more
